Binance Coin has largely ignored the recent drop in BTC below $ 10,000 and continued to rise.
Against the background of the fall in the price of BTC on BNB was pretty solid last week and broke the $ 30 mark over the weekend.
Binance Coin entered the top five largest todaycryptocurrencies by market capitalization, displacing Polkadot in sixth place. At the time of this writing, the capitalization of BNB is $ 4.8 billion, and the token is trading at $ 33.35.
Some analysts speculate that the rise in the BNB price will continue, and that it may be related to the launch of Binance's DeFi platform, which can use the exchange's native token to harvest.
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